Error in Form 16 and filed return on the basis of Form 16


I have filed income tax return based on the Form 16 issued by my employer in which the HRA Exemption was shown under Deductions of Chapter VIA as other deductions and filed return of income through electronic efiling yesterday by including the total deductions u/Chapter VIA as 80C Deduction...

The form 16 issued by the employer would get me refund of Rs.10,000/- odd...

Shall I need to file revised return? or shall the form 16 issued by the employer forms the basis for my computation in filing the ROI and is valid in getting my refund?

asked Jul 27 '11 at 14:04 by subramanyam 1222

HRA exemption should be provided u/s 10 and not under chapter VIA. As this is error on part of your employer who issued form-16, please get a fresh corrected form-16 issued from them.

You should file a revised return based on your own computations. Form-16 is just a tax certificate and cannot be treated as final document in income tax computation.

answered Jul 28 '11 at 11:47 by Pankaj Batra 5.2k320

shall i need to file revised return or original return only as the filed ack. was not sent to IT, Bangalore.... Further, the amount i received was less than the computation shown in Form 16 can i make my own computation based on the salary received and file return of Income?
(Jul 28 '11 at 14:34) subramanyam
You need to file revised return. Use original filing ack number in revised too. Yes, you can compute income tax yourself and file income tax return if you think form-16 does not have correct entries.
(Jul 28 '11 at 14:36) Pankaj Batra
Shall i need to send the original & Revised to IT Dept,. Bangalore ?
(Jul 28 '11 at 14:44) subramanyam
yes, you should send both original and revised ITR-V to IT department.
(Jul 28 '11 at 14:45) Pankaj Batra

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Asked: Jul 27 '11 at 14:04

Seen: 4,550 times

Last updated: Jul 28 '11 at 14:45